Charity accused over land deal, loans
By He Dan and Liu Xiangrui | China Daily | Updated: 2011-09-05 07:56
ZHENGZHOU - Authorities in Central China's Henan province are investigating a local charity group that reportedly misused funds, while the Beijing-based China Soong Ching Ling Foundation (CSCLF) is denying that it has any managerial ties with the charity group using the same name.
According to a report in the Southern Weekly on Thursday, the Soong Ching Ling Foundation in Henan reportedly made large loans to several companies and converted a charitable construction project into a luxury apartment building.
In response to the report, officials with the Henan foundation said they were waiting for "instructions from the China Soong Ching Ling Foundation" to clarify the facts.
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